A
legal framework coupled with support from the Government and succeeded pioneers
are key to the startup development, he added.

On
the occasion, the Ministry of Science and Technology debuted the national
portal for startup and innovation – www.startup.gov.vn – to help people access updated information, opportunities, and success stories
nationwide.

With
larger scale compared to last year’s edition, the Techfest Vietnam 2017 was
estimated to attract up to 4,500 visitors, 200 startups, and 130 investors and
funds.

It
featured six potential arenas for startup-related activities – agriculture,
education, tourism – food services, health, new technologies, and start-up
support communities.

The
2016 Techfest attracted nearly 170 investors and more than 3,000 visitors.

With
young population, Vietnam is working towards becoming a start-up nation in the
Asia-Pacific Economic Cooperation (APEC). The Government targets to have one
million effective enterprises by 2020.-VNA